The Korea Times
amn_close.png
amn_bl.png
National
  • Politics
  • Foreign Affairs
  • Multicultural Community
  • Defense
  • Environment & Animals
  • Law & Crime
  • Society
  • Health & Science
amn_bl.png
Business
  • Tech
  • Bio
  • Companies
  • World Expo 2030
amn_bl.png
Finance
  • Companies
  • Economy
  • Markets
  • Cryptocurrency
amn_bl.png
Opinion
  • Editorial
  • Columns
  • Thoughts of the Times
  • Cartoon
  • Today in History
  • Blogs
  • Tribune Service
  • Blondie & Garfield
  • Letter to the Editor
amn_bl.png
Lifestyle
  • Travel & Food
  • Trends
  • People & Events
  • Books
  • Around Town
  • Fortune Telling
amn_bl.png
Entertainment & Arts
  • K-pop
  • Films
  • Shows & Dramas
  • Music
  • Theater & Others
amn_bl.png
Sports
  • Hangzhou Asian Games
amn_bl.png
World
  • SCMP
  • Asia
amn_bl.png
Video
  • Korean Storytellers
  • POPKORN
  • Culture
  • People
  • News
amn_bl.png
Photos
  • Photo News
  • Darkroom
amn_NK.png amn_DR.png amn_LK.png amn_LE.png
  • bt_fb_on_2022.svgbt_fb_over_2022.svg
  • bt_X_on_2023.svgbt_X_over_2023.svg
  • bt_youtube_on_2022.svgbt_youtube_over_2022.svg
  • bt_instagram_on_2022.svgbt_instagram_over_2022.svg
The Korea Times
amn_close.png
amn_bl.png
National
  • Politics
  • Foreign Affairs
  • Multicultural Community
  • Defense
  • Environment & Animals
  • Law & Crime
  • Society
  • Health & Science
amn_bl.png
Business
  • Tech
  • Bio
  • Companies
  • World Expo 2030
amn_bl.png
Finance
  • Companies
  • Economy
  • Markets
  • Cryptocurrency
amn_bl.png
Opinion
  • Editorial
  • Columns
  • Thoughts of the Times
  • Cartoon
  • Today in History
  • Blogs
  • Tribune Service
  • Blondie & Garfield
  • Letter to the Editor
amn_bl.png
Lifestyle
  • Travel & Food
  • Trends
  • People & Events
  • Books
  • Around Town
  • Fortune Telling
amn_bl.png
Entertainment & Arts
  • K-pop
  • Films
  • Shows & Dramas
  • Music
  • Theater & Others
amn_bl.png
Sports
  • Hangzhou Asian Games
amn_bl.png
World
  • SCMP
  • Asia
amn_bl.png
Video
  • Korean Storytellers
  • POPKORN
  • Culture
  • People
  • News
amn_bl.png
Photos
  • Photo News
  • Darkroom
amn_NK.png amn_DR.png amn_LK.png amn_LE.png
  • bt_fb_on_2022.svgbt_fb_over_2022.svg
  • bt_X_on_2023.svgbt_X_over_2023.svg
  • bt_youtube_on_2022.svgbt_youtube_over_2022.svg
  • bt_instagram_on_2022.svgbt_instagram_over_2022.svg
  • Login
  • Register
  • Login
  • Register
  • The Korea Times
  • search
  • all menu
  • Login
  • Subscribe
  • Photos
  • Video
  • World
  • Sports
  • Opinion
  • Entertainment & Art
  • Lifestyle
  • Finance
  • Business
  • National
  • North Korea
  • 1

    Song Ji-hyo to make silver screen return in 'House of Meeting'

  • 3

    Seoul says FEOC guidance reduces uncertainty, will continue close consultation with US

  • 5

    5 Korea tourism clips top 225 mil. views

  • 7

    Yoon accepts resignation offer of head of state broadcasting watchdog

  • 9

    Is ruling party's reform drive at end of road?

  • 11

    Life expectancy of Koreans falls for first time in 52 years over COVID-19: data

  • 13

    Late Ven. Jaseung's additional notes on last will found at his residence

  • 15

    DL, SPC chiefs apologize for worker deaths under poor labor conditions

  • 17

    Crackdown on illegal short selling takes priority over MSCI listing: FSC vice chair

  • 19

    Cabinet passes motion requesting parliamentary reconsideration of 'yellow envelope bill'

  • 2

    N. Korean leader calls for increased aerial combat posture amid tension over satellite launch

  • 4

    First S. Korea spy satellite successfully launched into orbit

  • 6

    Tension mounts between Yoon administration, opposition party

  • 8

    Nexon workers in conflict with umbrella union over stance on feminism

  • 10

    Daegu mayor criticizes officials for spreading false hope about Expo bid

  • 12

    INTERVIEWHip-hop group Uptown returns after 13 years with new lineup

  • 14

    Rights activists criticize wage discrimination against migrant boat crews

  • 16

    Yoon's state visit to Netherlands to focus on semiconductor cooperation

  • 18

    Hyundai chief pledges to support globalization of archery

  • 20

    US slaps additional sanctions against N. Korea in response to spy satellite launch

Close scrollclosebutton

Close for 24 hours

Open
  • The Korea Times
  • search
  • all menu
  • Login
  • Subscribe
  • Photos
  • Video
  • World
  • Sports
  • Opinion
  • Entertainment & Art
  • Lifestyle
  • Finance
  • Business
  • National
  • North Korea
Business
  • Tech
  • Bio
  • Companies
  • World Expo 2030
Sun, December 3, 2023 | 07:51
Companies
LG to release new smartwatch in IFA
Posted : 2014-08-17 17:21
Updated : 2014-08-17 18:33
Bahk Eun-ji
Print PreviewPrint Preview
Font Size UpFont Size Up
Font Size DownFont Size Down
  • facebook
  • twitter
  • kakaolink
  • whatsapp
  • reddit
  • mailto
  • link
LG G Watch
LG G Watch

Company in talks with top watchmakers to boost brand

By Bahk Eun-ji


LG Electronics plans to release a new wristwatch, tentatively named as "G Watch 2" in this year's technology trade fair in Berlin, Germany, as the company wants to become a "serious game changer" in the heated race for wearable devices.

"LG Electronics was working on a September release for the new smartwatch alongside Google's wearable platform. The IFA fair may be the venue to see the upgraded smartwatch," an official at LG told The Korea Times by telephone, last week.

He continued; "The debuts of the smartwatch will be coming at the IFA." IFA is Europe's biggest technology exhibition, which kicks off every September.

For the new smartwatch, LG Electronics is teaming up with LG Group's technology affiliates such as LG Display, LG Innotek and LG Chem. LG Chem is responsible in providing batteries.

The new LG wearable device will use OLED displays supplied by its display-making affiliate of LG Display. The G-Watch 2 will be featured with Google's voice recognition systems and allows its customers to check messages, shopping information and other customized information on a real-time basis.

Sources said the LG wristwatch will be powered by Qualcomm's application processors as LG still needs to address some issues before putting its in-house Odin-branded processors to mobile devices.

But the official said the company is yet to confirm whether or not to exhibit the new smartwatch at its open booth or just be shown for clients only.

LG Electronics declined to comment.

The LG G-Watch 2 will directly compete with the highly-anticipated Apple's "iWatch" as reports said Apple was mulling over the possibility to launch its first smartwatch from September.

The wearable device market is gaining huge momentum and is shaping up to be the next battleground in the technology industry.

Notable players such as Samsung Electronics, Motorola, Google and others have already joined the wearable device race, and more heavyweights, including Apple, are expected to follow suit.

Collaboration with top watchmakers

With the market for smartphones heading towards full saturation in major markets such as the United States and Europe while other users suffer from upgrade fatigue, major technology brands are now aiming for the wrist of new consumers and their next cash-cow.

Thanks to the impressive performance of LG's G3 flagship handset, LG Electronics is increasingly confident in effectively handling its smartwatch business, according to LG officials. LG is expected to sell more than 60 million smartphones throughout this year.

LG's smartphone business swung towards profit in the second quarter of this year _ for the first time in a year. LG Electronics sold 14.5 million smartphones during the April-June period, a quarterly high as its cash-burning marketing activities paid off.

At this year's IFA, LG Electronics plans to discuss with leading watchmakers for product collaboration as the company's top management believes a partnership with watchmakers will help it boost the products' brand recognition, image and awareness.

"LG Electronics is being approached by a lot of authoritative watchmakers for strategic collaboration. They need us and LG also wants to use their well-known brand image to boost the awareness of our smartwatches in key target markets," an official at LG Group of affiliates said, wishing to be unidentified.

The official said LG's marketing managers will discuss more of its updated smartwatch-related business strategies at sessions during the technology exhibition.

He, however, declined to name which watch companies they are negotiating with.

According to Citigroup, the global watch industry generated $60 billion in sales last year. The smartwatch industry is predicted to generate billions more in revenue for consumer technology companies this year.

While technology companies are putting more resources on growing their smartwatch businesses, some analysts and investors say smartwatches will remain a "very small part" of the tech landscape for now. Shawn DuBravac, chief economist at Consumer Electronics Association, expects that the global smartwatch market to hit 1.5 million shipments for this year with the U.S. market increasing to one million.

Kim Yoo-chul contributed to this article

Emailejb@koreatimes.co.kr Article ListMore articles by this reporter
 
wooribank
LG group
Top 10 Stories
15 Korea tourism clips top 225 mil. views 5 Korea tourism clips top 225 mil. views
2Tension mounts between Yoon administration, opposition partyTension mounts between Yoon administration, opposition party
3Nexon workers in conflict with umbrella union over stance on feminism Nexon workers in conflict with umbrella union over stance on feminism
4Is ruling party's reform drive at end of road? Is ruling party's reform drive at end of road?
5Daegu mayor criticizes officials for spreading false hope about Expo bid Daegu mayor criticizes officials for spreading false hope about Expo bid
6Rights activists criticize wage discrimination against migrant boat crews Rights activists criticize wage discrimination against migrant boat crews
7DL, SPC chiefs apologize for worker deaths under poor labor conditions DL, SPC chiefs apologize for worker deaths under poor labor conditions
8Crackdown on illegal short selling takes priority over MSCI listing: FSC vice chair Crackdown on illegal short selling takes priority over MSCI listing: FSC vice chair
9Hyundai chief pledges to support globalization of archery Hyundai chief pledges to support globalization of archery
102023 Korea-EU CSO Network Human Rights Conference to emphasize diversity, practice inclusivity 2023 Korea-EU CSO Network Human Rights Conference to emphasize diversity, practice inclusivity
Top 5 Entertainment News
1[INTERVIEW] Hip-hop group Uptown returns after 13 years with new lineup INTERVIEWHip-hop group Uptown returns after 13 years with new lineup
2ONE PACT debuts hoping to leave big impact on K-pop scene ONE PACT debuts hoping to leave big impact on K-pop scene
3[INTERVIEW] ASTRO members aim to shine in musical theaterINTERVIEWASTRO members aim to shine in musical theater
4'Our Season' director, veteran actor discuss creating relatable mother-daughter story 'Our Season' director, veteran actor discuss creating relatable mother-daughter story
5December brings mix of action, thriller, romance to small screen December brings mix of action, thriller, romance to small screen
DARKROOM
  • It's beginning to look a lot like Christmas

    It's beginning to look a lot like Christmas

  • 2023 Thanksgiving parade in NYC

    2023 Thanksgiving parade in NYC

  • Appreciation of autumn colors

    Appreciation of autumn colors

  • Our children deserve better

    Our children deserve better

  • Israel-Gaza conflict erupts into war

    Israel-Gaza conflict erupts into war

  • Turkey-Syria earthquake

    Turkey-Syria earthquake

  • Nepal plane crash

    Nepal plane crash

  • Brazil capital uprising

    Brazil capital uprising

  • Happy New Year 2023

    Happy New Year 2023

  • World Cup 2022 Final - Argentina vs France

    World Cup 2022 Final - Argentina vs France

CEO & Publisher: Oh Young-jin
Digital News Email: webmaster@koreatimes.co.kr
Tel: 02-724-2114
Online newspaper registration No: 서울,아52844
Date of registration: 2020.02.05
Masthead: The Korea Times
Copyright © koreatimes.co.kr. All rights reserved.
  • About Us
  • Introduction
  • History
  • Contact Us
  • Products & Services
  • Subscribe
  • E-paper
  • RSS Service
  • Content Sales
  • Site Map
  • Policy
  • Code of Ethics
  • Ombudsman
  • Privacy Statement
  • Terms of Service
  • Copyright Policy
  • Family Site
  • Hankook Ilbo
  • Dongwha Group